(a) (1) Effective July 1, 2023, each employer shall be required to pay an administrative assessment on wages paid by the employer with respect to employment.(2) This administrative assessment shall not be credited to the separate account of each employer.
(1) Effective July 1, 2023, each employer shall be required to pay an administrative assessment on wages paid by the employer with respect to employment.
(2) This administrative assessment shall not be credited to the separate account of each employer.
(b) (1) For the period July 1, 2023, through June 30, 2024, the administrative assessment shall be twelve and one-half hundredths of one percent (0.125%).(2) For the period beginning on and after July 1, 2024, the administrative assessment shall be one-tenth of one percent (0.1%).(3) For the period beginning on and after January 1, 2026, the administrative assessment shall be two-tenths of one percent (0.2%).
(1) For the period July 1, 2023, through June 30, 2024, the administrative assessment shall be twelve and one-half hundredths of one percent (0.125%).
(2) For the period beginning on and after July 1, 2024, the administrative assessment shall be one-tenth of one percent (0.1%).
(3) For the period beginning on and after January 1, 2026, the administrative assessment shall be two-tenths of one percent (0.2%).
(c) (1) Each fiscal year, the proceeds of the administrative assessment, up to six million dollars ($6,000,000), shall be deposited and credited to the Division of Workforce Services Unemployment Insurance Administration Fund, there to be used for personal services and operating expenses of the unemployment insurance program necessary for the proper administration of this chapter, as determined by the Director of the Division of Workforce Services.(2) Each fiscal year, after collection of the proceeds of the administrative assessment specified in subdivision (c)(1) of this section, the remaining proceeds, if any, of the administrative assessment shall be deposited and credited to the Division of Workforce Services Training Trust Fund, there to be used for personal services, operating expenses, construction, grants, and worker training.(3) The director shall report to the Legislative Council on a quarterly basis as to any uses of the Division of Workforce Services Training Trust Fund and the Division of Workforce Services Unemployment Insurance Administration Fund.
(1) Each fiscal year, the proceeds of the administrative assessment, up to six million dollars ($6,000,000), shall be deposited and credited to the Division of Workforce Services Unemployment Insurance Administration Fund, there to be used for personal services and operating expenses of the unemployment insurance program necessary for the proper administration of this chapter, as determined by the Director of the Division of Workforce Services.
(2) Each fiscal year, after collection of the proceeds of the administrative assessment specified in subdivision (c)(1) of this section, the remaining proceeds, if any, of the administrative assessment shall be deposited and credited to the Division of Workforce Services Training Trust Fund, there to be used for personal services, operating expenses, construction, grants, and worker training.
(3) The director shall report to the Legislative Council on a quarterly basis as to any uses of the Division of Workforce Services Training Trust Fund and the Division of Workforce Services Unemployment Insurance Administration Fund.